Should i go for axis iocl card ltf?

[silly_putty]

Hello, i was offered axis bank iocl card by the bank ltf based on my savings account activity (received call). I actually tried to apply for axis bank flipkart card in october last year but got rejected as i work in informal sector. My monthly expenditure in utility (electricity, gas, cylinder, mobile recharge and wifi) is close to around Rs20,000 and grocery spends (dmart, star bazaar, BB, Dunzo) is close to Rs 10,000, and Rs. 2,000 on dining (mostly zomato, swiggy). I either wanted axis ace or axis flipkart card as they both match my spends but the bank is not offering them. Should i use axis iocl card for temporary basis and expect them to upgrade my card later on? I'm also planning on purchasing jewelry this year for my sister so thought flipkart card would give 1.5% CB on it.

PS:
my current cards : 1. icici platinum rewards card
2. HDFC freedom card
father's card: 1. AMEX payback card (idk why he pays 1,500 for this card)
2. HDFC millenia card

 

[arnalghosh88]

for now take axis iocl.. you can upgrade after 3months ..also better to apply sbi cashback card, as it will solve your recharge,bill payments and online spending problems.
From march 3,2023 flipkart axis cc will not give any cashback on recharge or bill payments.
Also till then, buy amazon pay gift cards from hdfc smartbuy portal with your millennia cc and use amazon pay balance to pay for the utility bills and recharges.

 

[silly_putty]

amazon pay gift cards from hdfc smartbuy portal with your millennia cc and use amazon pay balance to pay for the utility bills and recharges.

wait only gift card purchases are counted for 5% cash points?

 

[arnalghosh88]

you can buy amazon pay gift cards from amazon or yono gyftr(extra 2% discount, total almost 7% valueback) using sbi cashback cc to get 5% cashback.
Also you can buy amazon pay gift cards from hdfc smartbuy portal using millennia cc to get almost 3.5% valueback upto 1000rs.
I don't know If you will get 5% cashback if you buy amazon gv from amazon app directly using millennia cc.You may try with small amount.

 

[maulik]

you can buy amazon pay gift cards from amazon or yono gyftr(extra 2% discount, total almost 7% valueback) using sbi cashback cc to get 5% cashback.
Also you can buy amazon pay gift cards from hdfc smartbuy portal using millennia cc to get almost 3.5% valueback upto 1000rs.
I don't know If you will get 5% cashback if you buy amazon gv from amazon app directly using millennia cc.You may try with small amount.

In other thread there are posts about SBI Cashback card getting blocked on usage at gyftr.
Am I missing something here?

 

[arnalghosh88]

In other thread there are posts about SBI Cashback card getting blocked on usage at gyftr.
Am I missing something here?

try with small amounts first.. If your card is getting blocked for small amount gvs then try after few days.
I just bought 2 gvs of 2500rs and 500rs.. card didn't get blocked..
I waited for 7-8 days since my card got blocked last time.

 

[Rahul Gupta]

you can buy amazon pay gift cards from amazon or yono gyftr(extra 2% discount, total almost 7% valueback) using sbi cashback cc to get 5% cashback.
Also you can buy amazon pay gift cards from hdfc smartbuy portal using millennia cc to get almost 3.5% valueback upto 1000rs.
I don't know If you will get 5% cashback if you buy amazon gv from amazon app directly using millennia cc.You may try with small amount.

As per my knowledge you can't buy gift cards on amazon using hdfc cc.

 

[arnalghosh88]

As per my knowledge you can't buy gift cards on amazon using hdfc cc.

I just bought 600rs amazon pay gift card from amazon app using my hdfc moneyback plus credit card.I redeemed reward points as statement cash and bought the gv.I don't know how much reward points I will get!

 

[Anon1]

If u want to get Flipkart card, then take iocl and you can upgrade to Flipkart card via phone banking from next day itself.

For upgrade there will be no Cibil check and instant approval on phone banking as per customer care. So pls check all details before trying this.

 

[Rahul Gupta]

I just bought 600rs amazon pay gift card from amazon app using my hdfc moneyback plus credit card.I redeemed reward points as statement cash and bought the gv.I don't know how much reward points I will get!

I checked with business cards like business moneyback and business ragalia both were not working. I don't have non business card to check though.

 

[panu24]

If u want to get Flipkart card, then take iocl and you can upgrade to Flipkart card via phone banking from next day itself.

For upgrade there will be no Cibil check and instant approval on phone banking as per customer care. So pls check all details before trying this.

But this will not give LTF card right? If iocl is LTF, flipkart will also be LTF? Does calling customer care only works for this conversion?

 

[panu24]

As per my knowledge you can't buy gift cards on amazon using hdfc cc.

I have bought successfully 2 times till now using Millennia card.

 

[Anon1]

But this will not give LTF card right? If iocl is LTF, flipkart will also be LTF? Does calling customer care only works for this conversion?

Yes they will not give LTF Flipkart.

Upgrade through Other ways we have to wait 90 days

 

[Rahul Gupta]

I have bought successfully 2 times till now using Millennia card.

It means amazon has limitations on business cards. btw how much reward ponits you got? 5% or 1%?

 

[panu24]

It means amazon has limitations on business cards. btw how much reward ponits you got? 5% or 1%?

5%